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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)*
Endocare, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
29264P104
(CUSIP Number)
July 6, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 29264P104 13G Page 2 of 10 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Midwood Capital Management LLC
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 1,583,348
Shares ---------------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by ---------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 1,583,348
Person With ---------------------------------------------------------------
8. Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,583,348
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes [ ]
Certain Shares (See Instructions)
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.3%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IA
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CUSIP No. 29264P104 13G Page 3 of 10 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
David E. Cohen
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization USA
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 0
Shares ---------------------------------------------------------------
Beneficially 6. Shared Voting Power 1,583,348
Owned by ---------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 0
Person With ---------------------------------------------------------------
8. Shared Dispositive Power 1,583,348
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,583,348
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes [ ]
Certain Shares (See Instructions)
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.3%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
CUSIP No. 29264P104 13G Page 4 of 10 Pages
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Ross D. DeMont
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization USA
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 0
Shares ---------------------------------------------------------------
Beneficially 6. Shared Voting Power 1,583,348
Owned by ---------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 0
Person With ---------------------------------------------------------------
8. Shared Dispositive Power 1,583,348
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,583,348
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes [ ]
Certain Shares (See Instructions)
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.3%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
CUSIP No. 29264P104 13G Page 5 of 10 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Midwood Capital Partners, L.P.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 734,079
Shares ---------------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by ---------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 734,079
Person With ---------------------------------------------------------------
8. Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
734,079
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes [ ]
Certain Shares (See Instructions)
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.4%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
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CUSIP No. 29264P104 13G Page 6 of 10 Pages
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Midwood Capital Partners QP, L.P.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 849,269
Shares ---------------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by ---------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 849,269
Person With ---------------------------------------------------------------
8. Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
849,269
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes [ ]
Certain Shares (See Instructions)
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.8%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
CUSIP No. 29264P104 Page 7 of 10
ITEM 1.
(a) NAME OF ISSUER: Endocare, Inc. (the "Issuer").
(b) ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 201 Technology Drive,
Irvine, California 92618.
ITEM 2.
(a) NAME OF PERSON FILING: This joint statement on Schedule 13G is being filed
by David E. Cohen, Ross D. DeMont, Midwood Capital Management LLC, Midwood
Capital Partners, L.P. and Midwood Capital Partners QP, L.P., who are
collectively referred to as the "Reporting Persons." Messrs. Cohen and DeMont
(the "Managers") are the managers of Midwood Capital Management LLC ("Capital"),
which is the sole general partner of each of Midwood Capital Partners, L.P.
("LP") and Midwood Capital Partners QP, L.P. ("QP" and together with LP, the
"Funds"). The Reporting Persons have entered into a Joint Filing Agreement,
dated as of July 14, 2006, a copy of which is filed with this Schedule 13G as
Exhibit 1 (which is incorporated herein by reference), pursuant to which the
Reporting Persons have agreed to file this statement jointly in accordance with
the provisions of Rule 13d-1(k) under the Act.
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE: The principal business office of the
Reporting Persons with respect to the shares reported hereunder is 575 Boylston
St., 4th Floor, Boston, MA 02116.
(c) CITIZENSHIP: Capital is a Delaware limited liability company. Each of the
Funds is a Delaware limited partnership. Each of the Managers is a U.S. citizen.
(d) TITLE AND CLASS OF SECURITIES: Common stock, $.001 par value ("Common
Stock")
(e) CUSIP Number: 29264P104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13D-1(B) OR
240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
N/A
ITEM 4. OWNERSHIP
In the aggregate, the Reporting Persons beneficially own 1,583,348 shares of the
Common Stock of the Issuer, representing approximately 5.3% of such class of
securities. The beneficial ownership of each Reporting Person is as follows: (i)
LP beneficially owns 734,079 shares of the Common Stock, representing
approximately 2.4% of the class, (ii) QP beneficially owns 849,269 shares of the
Common Stock, representing approximately 2.8% of the class, and (iii) Capital,
as the sole general partner of each Fund, and Messrs. Cohen and DeMont, as the
managers of Capital, each beneficially own 1,583,348 shares of the Common Stock
of the Issuer representing approximately 5.3% of the class. The percentage of
the Common Stock beneficially owned by each Reporting Person is based on a total
of 30,154,977 shares of the Common Stock of the
CUSIP No. 29264P104 Page 8 of 10
Issuer outstanding as of March 31, 2006, as reported in the most recent
quarterly report of the Issuer on Form 10-Q for the fiscal quarter ended March
31, 2006.
Each Fund has the power to vote and dispose of the shares of Common Stock
beneficially owned by such Fund (as described above). Capital, as the sole
general partner of the Fund, has the sole authority to vote and dispose of all
of the shares of Common Stock reported in this Schedule 13G. Each of the
Managers, by virtue of their positions as managers of Capital, has the shared
authority to vote and dispose of all of the shares of Common Stock reported in
this joint statement Schedule 13G.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N/A
ITEM 10. CERTIFICATION
By signing below I hereby certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose.
CUSIP No. 29264P104 Page 9 of 10
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATE: July 14, 2006
MIDWOOD CAPITAL PARTNERS, L.P.
By: Midwood Capital Management LLC
General Partner
By: /s/ David E. Cohen
------------------------------------
David E. Cohen
Manager
MIDWOOD CAPITAL
PARTNERS QP, L.P.
By: Midwood Capital Management LLC
General Partner
By: /s/ David E. Cohen
------------------------------------
David E. Cohen
Manager
MIDWOOD CAPITAL
MANAGEMENT LLC
By: /s/ David E. Cohen
------------------------------------
David E. Cohen
Manager
CUSIP No. 29264P104 Page 10 of 10
DAVID E. COHEN
/s/ David E. Cohen
----------------------------------------
David E. Cohen
ROSS D. DEMONT
/s/ Ross D. DeMont
----------------------------------------
Ross D. DeMont
CUSIP No. 29264P104 Page 1 of 2
Exhibit 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree, as of July 14, 2006, that only one
statement containing the information required by Schedule 13G, and each
amendment thereto, need be filed with respect to the ownership by each of the
undersigned of shares of common stock of Endocare, Inc., and such statement to
which this Joint Filing Agreement is attached as Exhibit 1 is filed on behalf of
each of the undersigned.
MIDWOOD CAPITAL PARTNERS, L.P.
By: Midwood Capital Management LLC
General Partner
By: /s/ David E. Cohen
------------------------------------
David E. Cohen
Manager
MIDWOOD CAPITAL
PARTNERS QP, L.P.
By: Midwood Capital Management LLC
General Partner
By: /s/ David E. Cohen
------------------------------------
David E. Cohen
Manager
MIDWOOD CAPITAL
MANAGEMENT LLC
By: /s/ David E. Cohen
------------------------------------
David E. Cohen
Manager
CUSIP No. 29264P104 Page 2 of 2
DAVID E. COHEN
/s/ David E. Cohen
----------------------------------------
David E. Cohen
ROSS D. DEMONT
/s/ Ross D. DeMont
----------------------------------------
Ross D. DeMont